138
138
Aug 31, 2013
08/13
by
FOXNEWSW
tv
eye 138
favorite 0
quote 0
i will tell you this -- >> but who got the interview with jack lew? adam did. >> i just want you to know -- >> when jack lew sees me he holds up crosses and throws garlic in my face. >> you don't know jack, do you? >> what i'm saying the banks have been gearing up for this for a long time. and i would say -- >> they might be gearing up. nothing -- they're gearing up -- >> 2008 -- >> they go down. >> of course but they're doing a pretty good job and maybe -- >> what did you get in there? >> oh, goodness. >> one of these guys like me. what are you trying to say? >> poor charlie. >> he's running out of people on his roll la deck to talk top. what do you make? >> the technicians on wall street. >> yeah, listen, i have to echo what melissa is saying. i think that they are preparing something big and i don't mow what it is, but i think it would be nuts not to think something consequential is going to happen and soon. >> something cyber consequential. >> yeah. >> we're going to take a quick bra break here and talk about a love/hate relationship, the forbes g
i will tell you this -- >> but who got the interview with jack lew? adam did. >> i just want you to know -- >> when jack lew sees me he holds up crosses and throws garlic in my face. >> you don't know jack, do you? >> what i'm saying the banks have been gearing up for this for a long time. and i would say -- >> they might be gearing up. nothing -- they're gearing up -- >> 2008 -- >> they go down. >> of course but they're doing a pretty good...
141
141
Aug 27, 2013
08/13
by
CNBC
tv
eye 141
favorite 0
quote 0
we had secretary treasurer jack lew on, rick. did you get to watch that at all in. >> no, no, i didn't get to watch it. tell me what he said. i know he usually pours out lots of information. >> i don't think, that was sar castic? >> yes. >> a little smirk on his face. >> he said in the united states we pay our bills, i always love that, is that congress spent all this money, all we're trying to do is make sure we pay our bills. you always hear that, don't you? >> yeah, you know, it's one of those real three card monty deals with the show. you can't stop the spending and mr. lew would understand this dynamic. i think i believe bob woodward, he was the scientist behind the sequester. but you can't stop him from spending and once they make the commitments, then, of course, they, they, meaning anybody involved in the buckary process say you can't stop the government. you have to raise the debt ceiling. we all know that it's not publicly or a media standpoint a winning standpoint. at some point it needs addressed. the topic is japan r
we had secretary treasurer jack lew on, rick. did you get to watch that at all in. >> no, no, i didn't get to watch it. tell me what he said. i know he usually pours out lots of information. >> i don't think, that was sar castic? >> yes. >> a little smirk on his face. >> he said in the united states we pay our bills, i always love that, is that congress spent all this money, all we're trying to do is make sure we pay our bills. you always hear that, don't you?...
110
110
Aug 22, 2013
08/13
by
FBC
tv
eye 110
favorite 0
quote 0
we're getting more from treasury secretary jack lew. this is a live picture as he stands to leave the stage where adam lashinsky of fortune was asking him about the nasdaq market site trading glitch called the flash freeze, for more than three hours. as you heard 25 minutes ago, jack lew talking about, until there is full explanation we'll have to wait. but cybersecurity, quote, has been on my radar for some time. he did use the word intrusion, more whether that is a question of something we need to look at. apparently adam asked him who he believes, jack lew, believes might be the next federal reserve chair. and according to the quote that i'm seeing right now, jack lew saying, i will keep my advice in the oval office where it belongs on whether it would be yellen versus summers. our own peter barnes has reported over the past few days really larry summers to lose but don't count out janet yellen just yet. she is already at the federal reserve as one of members. >>> from your battlefield to your neighborhood the drone industry is on a
we're getting more from treasury secretary jack lew. this is a live picture as he stands to leave the stage where adam lashinsky of fortune was asking him about the nasdaq market site trading glitch called the flash freeze, for more than three hours. as you heard 25 minutes ago, jack lew talking about, until there is full explanation we'll have to wait. but cybersecurity, quote, has been on my radar for some time. he did use the word intrusion, more whether that is a question of something we...
389
389
Aug 27, 2013
08/13
by
CNBC
tv
eye 389
favorite 0
quote 0
a tough decision either way. >>> and jack lew, no negotiation on the debt limit. back in june, our own maria bartiromo sat down with john boehner who sits across from the president on this, and talk the administration would not negotiate on this issue. here's what speaker boehner's reaction was to maria's question about that. >> well, you know, i can say the sun's not going to come up tomorrow. but guess what? it is. the president can say i'm not going to negotiate on the debt limit. get over it. we're spending more money than what we're bringing in. we have to deal with this problem. if we're going to raise the debt limit we've got to do something about what's causing us to spend more money than what we bring in. so, guess what? we're going to have a debate and we're going to have a negotiation. >> so where does that leave us and which investors, what should they do if another debt showdown is coming in september? joining us, didn't mean -- professor, taylor, thank you very much for joining us. both of you, and first to you, john. look, you heard what john boehne
a tough decision either way. >>> and jack lew, no negotiation on the debt limit. back in june, our own maria bartiromo sat down with john boehner who sits across from the president on this, and talk the administration would not negotiate on this issue. here's what speaker boehner's reaction was to maria's question about that. >> well, you know, i can say the sun's not going to come up tomorrow. but guess what? it is. the president can say i'm not going to negotiate on the debt...
104
104
Aug 27, 2013
08/13
by
CNBC
tv
eye 104
favorite 0
quote 0
treasury secretary jack lew issues a warning to congress, saying the u.s. could run out of cash to pay its bills by mid-october if they don't raise the debt ceiling. >>> all right, warm welcome to you. i am back. we kick off with the latest, probably the most important sentiment indicator in germany, the ifo business climate has risen. i'll tell you what it's risen to in a second, 107.5, a little higher than the forecast of 107. the consensus was for the current conditions index, 112. so, current conditions 112. the expectations component 103.3 in august versus the reuters consensus of 103, so a little bit broader. ifo has no revisions to the july indices. let's get a breakdown on this. on the phone from munich, an expert at the ifo institute, helped to compile this story. doctor, good to speak to you. it's been a while. thanks for joining us this morning. what's the key takeaway from what this survey says about the state of the german economy? >> the strongest increase at this month in the manufacturing industry, and here particularly in the investment goo
treasury secretary jack lew issues a warning to congress, saying the u.s. could run out of cash to pay its bills by mid-october if they don't raise the debt ceiling. >>> all right, warm welcome to you. i am back. we kick off with the latest, probably the most important sentiment indicator in germany, the ifo business climate has risen. i'll tell you what it's risen to in a second, 107.5, a little higher than the forecast of 107. the consensus was for the current conditions index, 112....
109
109
Aug 27, 2013
08/13
by
FBC
tv
eye 109
favorite 0
quote 0
and then we have jack lew, deadline coming for the dead ceiling. mid october. the headline though on this story, president obama is not going to negotiate. he wants a clean bill. just give me more money to borrow. but we're a few minutes away from finding out how the markets open. we know they will be down. military action on syria looks very imminent. and caused a selloff yesterday and we're going to find out in just a moment how low we go this morning. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to sh
and then we have jack lew, deadline coming for the dead ceiling. mid october. the headline though on this story, president obama is not going to negotiate. he wants a clean bill. just give me more money to borrow. but we're a few minutes away from finding out how the markets open. we know they will be down. military action on syria looks very imminent. and caused a selloff yesterday and we're going to find out in just a moment how low we go this morning. [ male announcer] surprise -- you're...
211
211
Aug 27, 2013
08/13
by
CNBC
tv
eye 211
favorite 0
quote 0
here is jack lew. >> we are not going to be negotiating over to debt limit. congress has authorized funding and committed us to make expenditures and we are now in the place where we are going to ask are we going to play the bills that the united states has incurred. the only way for that to occur is for congress the act and act quickly and what we theed in the economy is certainly and not another self-inflicted wound or crisis at the last-minute. congress should come back and they should act. >> now, what is behind this dance of the administration are bad memories of what happened two years ago when they went right up to the brink and resulted in a credit downgrade and president obama even congressional leaders on both sides of the capitol hill do not want to repeat that again. here is liu on that issue. >> i don't think that the leaders are in a place where anyone wants a repeat of 2011. i don't yet see that they have a plan to avoid it which is one tof the reasons that it is so important for them to come back in a couple of weeks and get to work on getting
here is jack lew. >> we are not going to be negotiating over to debt limit. congress has authorized funding and committed us to make expenditures and we are now in the place where we are going to ask are we going to play the bills that the united states has incurred. the only way for that to occur is for congress the act and act quickly and what we theed in the economy is certainly and not another self-inflicted wound or crisis at the last-minute. congress should come back and they should...
148
148
Aug 26, 2013
08/13
by
CNBC
tv
eye 148
favorite 0
quote 0
treasury secretary jack lew has sent a letter to boehner, warning twha the debt limit will be r50e67d in october. how will the gop respond? and don't forget about the economy. more evidence out today there will be no second-half economic rebound. does that push the fed taper way back? might your mortgage rates be coming back down? all those stories and more coming up on "the kudlow report", beginning right now. >>> this is "the kudlow report." first up, the u.s. getting closer and closer to military intervention. secretary of state john kerry left little room for doubt. nbc news's steve handelsman has the details. >> good evening, larry. keep in mind the united nations investigation is not complete. this is the unilateral conclusion of the obama administration, presented dramatically today by a man not usually given to public shows of emotion, u.s. secretary of state john kerry stating it is america's conclusion that syria used chemical weapons. >> and despite the excuses and equalify indications that some have manufactured, it is undeniable. president obama believes there must be acc
treasury secretary jack lew has sent a letter to boehner, warning twha the debt limit will be r50e67d in october. how will the gop respond? and don't forget about the economy. more evidence out today there will be no second-half economic rebound. does that push the fed taper way back? might your mortgage rates be coming back down? all those stories and more coming up on "the kudlow report", beginning right now. >>> this is "the kudlow report." first up, the u.s....
131
131
Aug 27, 2013
08/13
by
CNBC
tv
eye 131
favorite 0
quote 0
. >>> jack lew speaking exclusively to cnbc. who he thinks will be the next fed chief. that's ahead. >>> a new episode of the profit tonight at 10:00 eastern here on cnbc. the host takes on one bad boss. marcus is coming up here next. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ time to have new experiences with a familia
. >>> jack lew speaking exclusively to cnbc. who he thinks will be the next fed chief. that's ahead. >>> a new episode of the profit tonight at 10:00 eastern here on cnbc. the host takes on one bad boss. marcus is coming up here next. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab,...
84
84
Aug 27, 2013
08/13
by
CNBC
tv
eye 84
favorite 0
quote 0
treasury secretary jack lew says the white house wants to negotiate. we'll have a republican response to that. i think there's a brawl coming in washington and we'll cover it up next on "kudlow." now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be today. anncr: we're giving away a trip every day. download the expedia app and your next trip could be on us. expedia, find yours. >>> treasury secretary jack lew challenged congress today to raise the debt limit. my colleague john harwood in an exclusive interview that the white house position is firm. take a listen. >> we're not going to be negotiating over the debt limit. congress has already authorized funding, committed us to make expenditures. we're now in the place where the whole question is will we pay the bills that the united states has incurred, and it is just
treasury secretary jack lew says the white house wants to negotiate. we'll have a republican response to that. i think there's a brawl coming in washington and we'll cover it up next on "kudlow." now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be...
122
122
Aug 3, 2013
08/13
by
FOXNEWSW
tv
eye 122
favorite 0
quote 0
. >>> another story we're following, firing off a letter to treasury secretary jack lew accusing him of obstructing the investigation into the irs targeting of conservative groups. they have subpoenaed his department for more documents related to the scandal. liz been prann reporting from washington. >> reporter: a key house committee documents, accusing secretary jack lew's agency getting into the way of irs targeting conservative groups. writing in part. we have repeatedly labeled the strategy of targeting americans for political beliefs as a, quote, phone have any scandal. it was two months since they first requested few documents, they have only produced a small fraction of documents. issa says it was largely filled with redactions. >> it's an important fact to get out. >> they are important facts to get out and you are obstructing them. >> the agency says they are not blocking the information. irs was planning on turning over 1600 pages of information. they asked about lois lerner that refused to testify. >> every single email of lois lerner that we have, you sent to us? >> no,
. >>> another story we're following, firing off a letter to treasury secretary jack lew accusing him of obstructing the investigation into the irs targeting of conservative groups. they have subpoenaed his department for more documents related to the scandal. liz been prann reporting from washington. >> reporter: a key house committee documents, accusing secretary jack lew's agency getting into the way of irs targeting conservative groups. writing in part. we have repeatedly...
136
136
Aug 22, 2013
08/13
by
KGO
tv
eye 136
favorite 0
quote 0
. >> treasury secretary jack lew is in the bay area and meeting right now with tech executives in palo alto. the staffers say the secretary is monitoring the situation closely with the latest developments at 4:00, 5:00, and 6:00 p.m. and updating the situation on twitter. >> breaking news, a task force is conducting raids in oakland at this moment serving search warrants for high risk criminals amy hollyfield has more from oakland. amy? >> it has been a busy morning in the east bay. it is not over yet. look behind me at the operation that is going on right across the street from highland hospital in oakland. this is the alameda county sheriff deputy conducting this. this is what they are dealing with: happening right new. officers from the oakland police department and several other agencies started serving warrants this morning before the sun came up. all of that was part of "operation cease-fire," and they made five arrests this morning. [ inaudible ] >> we have served warrants primarily in east oakland. the group primarily is in east oakland but they commit crimes all over oakland a
. >> treasury secretary jack lew is in the bay area and meeting right now with tech executives in palo alto. the staffers say the secretary is monitoring the situation closely with the latest developments at 4:00, 5:00, and 6:00 p.m. and updating the situation on twitter. >> breaking news, a task force is conducting raids in oakland at this moment serving search warrants for high risk criminals amy hollyfield has more from oakland. amy? >> it has been a busy morning in the...
125
125
Aug 4, 2013
08/13
by
FOXNEWSW
tv
eye 125
favorite 0
quote 1
. >> i raised exactly the same issues with treasury secretary jack lew last week. i said what a waste of time it is to keep trying to repeal obamacare by the republicans when it isn't going to happen. you could tend to your own knitting, pass a farm bill. you have the power of the purse. only 4 of the 12 appropriations bills have you even passed. why not do what the house is supposed to do? >> let me continue to address the list of items that you put forward. one, on the farm bill, we have passed a farm bill. we in the house, we said we're going to bust up the almost 50-year custom where would you going to marry up two issues and force people to vote on those. we passed a farm bill. republican majority for the first time says we don't like the way things have always been done in washington. that's exactly what we're trying to change. we're going to bring a bill forward under chairman lucas' leadership that actually says about food stamps, we want the people who need those food stamp benefits to get them. but you know what, it's an issue of fairness. if they're able
. >> i raised exactly the same issues with treasury secretary jack lew last week. i said what a waste of time it is to keep trying to repeal obamacare by the republicans when it isn't going to happen. you could tend to your own knitting, pass a farm bill. you have the power of the purse. only 4 of the 12 appropriations bills have you even passed. why not do what the house is supposed to do? >> let me continue to address the list of items that you put forward. one, on the farm bill,...
78
78
Aug 22, 2013
08/13
by
FOXNEWS
tv
eye 78
favorite 0
quote 0
we have sedan any warfol we're going send subpoenas to jack lew, the head of the treasury department, secretary of the treasury. we're going straight to him. give us the documents. give us the information. we've been on your show and talked about the fact we don't even have all of lois lerner's e-mails yet. the lady at the center of the storm, who broke the story, took the fifth, still being paid by the taxpayers. we've got to rachet this up a notch and send the subpoenas to jack lew at treasury and ask him to get us the information we should have had months ago. >> we thank you, sir. >> thank you, greta. >>> the nation's talking about the cruel thrill kill in oklahoma. three teens accused in the murder of a college baseball player from australia. so what do you think? should president obama make a statement about the oklahoma fatal shooting as he did in the trayvon martin case or should he stay out of it? go to gretawire.com and vote in that poll right now. >>> straight ahead, last night you heard this from a louisiana state senator. >> liberalism has nearly destroyed black america.
we have sedan any warfol we're going send subpoenas to jack lew, the head of the treasury department, secretary of the treasury. we're going straight to him. give us the documents. give us the information. we've been on your show and talked about the fact we don't even have all of lois lerner's e-mails yet. the lady at the center of the storm, who broke the story, took the fifth, still being paid by the taxpayers. we've got to rachet this up a notch and send the subpoenas to jack lew at...
42
42
Aug 27, 2013
08/13
by
CNBC
tv
eye 42
favorite 0
quote 0
the other is jack lew did not rule out a continuation of the sequester. and one of the things you might see next month is a quick extension of government funding at existing levels which means sequester levels while they continue to negotiate, including over what happens with the longer term spending as well as the debt ceiling, guys. >> thank you very much for that. as we now watch the markets, the dow is down 145 points. earlier just over 130. we're asking, you've got syria, inevitable fed taper, what does it mean for the markets together? let's bring in steve, portfolio manager. steve, maybe one of those factsers may not bring the market down, but all together does it feel like a perfect storm? >> i still think the big story that's going to be before us in september is what the fed does. i think that has the greatest implications to the stock market. syria is obviously big news and budget battle is big news. we talk about what is going to have the biggest impact on financial markets, it's going to be fed policy and interest rate policy. that is what ha
the other is jack lew did not rule out a continuation of the sequester. and one of the things you might see next month is a quick extension of government funding at existing levels which means sequester levels while they continue to negotiate, including over what happens with the longer term spending as well as the debt ceiling, guys. >> thank you very much for that. as we now watch the markets, the dow is down 145 points. earlier just over 130. we're asking, you've got syria, inevitable...
151
151
Aug 27, 2013
08/13
by
KRCB
tv
eye 151
favorite 0
quote 0
treasury secretary jack lew is urging congress to raise the borrowing limit as soon as possible. lew is calling on lawmakers to take immediate action before the nation hits the debt ceiling. the government reached its borrowing limit of about $16.7 trillion in may. it's legally prohibited from taking on more debt. government officials have used emergency measures to avoid defaulting on obligations. they've seen called on pension funds for federal workers. the differences between democrats and republicans have stymied debate on raising the debt ceiling. the u.s. faced a similar scenario in 2011 when the government came close to defaulting on its debt, that led to a downgrade of its credit rating. treasury secretary lew is warning a default would deal a heavy blow to financial markets around the world. >>> more headlines in business the next hour. i'll leave you with a check on the markets. >>> the united nations secretary-general has urged japanese leaders to do some soul searching. ban ki-moon says their understanding of history is straining ties with south korea and china. pow h
treasury secretary jack lew is urging congress to raise the borrowing limit as soon as possible. lew is calling on lawmakers to take immediate action before the nation hits the debt ceiling. the government reached its borrowing limit of about $16.7 trillion in may. it's legally prohibited from taking on more debt. government officials have used emergency measures to avoid defaulting on obligations. they've seen called on pension funds for federal workers. the differences between democrats and...
91
91
Aug 28, 2013
08/13
by
MSNBCW
tv
eye 91
favorite 0
quote 0
jack lew is very smart. this is speeding this thing up. we've got to do it quicker. >> your use of this word leverage is unbelievable. i'm going to stick of dynamite. i'm going to take your baby and kill it. that's leverage. but it's a vicious way of using the word. >> the fact of the matter is these guys are in a hard place because their constituents hate obama care. from various reasons. >> so they're only taking orders? >> they're trying to responsible to their constituents. >> you ever listen carefully? it's not that the reasonable leadership are unreasonable. they have to listen to the crazies on the right. and the crazies on the right, the wild bunch we're going to call them tonight, have to listen to the crazies back in the last row of the next town meeting. and therefore the craziest people at the town meeting control the craziest people in the senate and house who control the leadership. the tail is wag the bag. thank you john mcmahon and thank you john feehery. we love having you on. you explain the craziness. >>> senior official
jack lew is very smart. this is speeding this thing up. we've got to do it quicker. >> your use of this word leverage is unbelievable. i'm going to stick of dynamite. i'm going to take your baby and kill it. that's leverage. but it's a vicious way of using the word. >> the fact of the matter is these guys are in a hard place because their constituents hate obama care. from various reasons. >> so they're only taking orders? >> they're trying to responsible to their...
225
225
Aug 23, 2013
08/13
by
KNTV
tv
eye 225
favorite 0
quote 0
. >>> and treasury secretary jack lew is urging congress to raise the debt ceiling. lawmakers can't afford to wait until the last minute again. the u.s. is expected to hit the borrowing limit this fall. >>> according to bloomberg, more americans brew folgers at home than any other coffee bround. rounding out the top brands are maxwell house at number two followed by green mountain and starbucks. >>> country singer luke bryan is cashing in big time with his latest album soaring to the top of the billboard 200 and 527,000 sold in its first week. >>> katy perry hitting pay dirt scoring her biggest digital song debut of her career with "roar." perry will perform at sunday's mtv video music awards. >>> straight ahead, your friday sports highlights are next. >>> now let's get the latest in sports. how about some thursday night football? the new england patriots get an old fashion beating by the detroit lions. tom brady passes and it's a fumble. detroit snatches the ball close to the five. in the second quarter, brady throws a pick straight to chris houston. lions win, 40-9
. >>> and treasury secretary jack lew is urging congress to raise the debt ceiling. lawmakers can't afford to wait until the last minute again. the u.s. is expected to hit the borrowing limit this fall. >>> according to bloomberg, more americans brew folgers at home than any other coffee bround. rounding out the top brands are maxwell house at number two followed by green mountain and starbucks. >>> country singer luke bryan is cashing in big time with his latest...
194
194
Aug 27, 2013
08/13
by
MSNBCW
tv
eye 194
favorite 0
quote 0
treasury secretary jack lew sent a letter to congressional leaders saying a failure to raise the limit could, quote, undermine financial markets and have significant disruptions to our economy. >>> from the debt battle to the fight over president obama's health care law. we are talking about it yet again. according to the law, they're planning a defunding rally on september the 10th. that's three weeks before millions can start enrolling in coverage. republican senator ted cruz and rand paul and mike lee will head the event which is being organized by tea party groups. pressure is mounting. the latest target, republican leader mitch mcconnell. the conservative fund is spending 50,000 bucks on a 60 second video. the group is founded by former governor jim deminutemint. >>> the rodeo clown that was fired after wearing a president obama mask said he didn't mean it to be disrespectful. he's speaking out telling local stations in kansas city that he wasn't singling out president obama. >> this clown bit has been around for generations and i didn't think anything more of it than what we've d
treasury secretary jack lew sent a letter to congressional leaders saying a failure to raise the limit could, quote, undermine financial markets and have significant disruptions to our economy. >>> from the debt battle to the fight over president obama's health care law. we are talking about it yet again. according to the law, they're planning a defunding rally on september the 10th. that's three weeks before millions can start enrolling in coverage. republican senator ted cruz and...
203
203
Aug 27, 2013
08/13
by
KICU
tv
eye 203
favorite 0
quote 1
also-- treasury secretary jack lew says the u.s.government will hit the debt ceiling by mid october unless congress votes to increase the limit by the end of the session the dow fell below 15,000 --losing 65 points, the nasdaq was unchanged and s&p dropped 7. gold crossed the 1,400 dollar mark and oil is trading around 1-0-6. jc penney's acking stock.shares fell monday on word hedge fund manageer bill act-man is selling 39 million shares. he's the single largest share holder in jcp. tony harris of performance trust joins us today. tony, the market shrugged off that durable goods order number yesterday but today we're going to be looking forward to that gdp number. what do you see in the bond market? > >i think that the bond market has had a change in terms of it caught a bid early in the day on monday and it held the gains throughout the day. you had poor new home sales report back on friday and of course them poor durable goods report on monday. so i think that you're catching a little bit of demand which is a shift from what we've seen recently. >.what's happening with stocks relative to
also-- treasury secretary jack lew says the u.s.government will hit the debt ceiling by mid october unless congress votes to increase the limit by the end of the session the dow fell below 15,000 --losing 65 points, the nasdaq was unchanged and s&p dropped 7. gold crossed the 1,400 dollar mark and oil is trading around 1-0-6. jc penney's acking stock.shares fell monday on word hedge fund manageer bill act-man is selling 39 million shares. he's the single largest share holder in jcp. tony...
74
74
Aug 28, 2013
08/13
by
KICU
tv
eye 74
favorite 0
quote 0
in remarks this week- treasuryi secretary jack lew told reporters--congress appropriated the money and therefore it is a congressional responsibility to now pay its bills. the u.s is expected to hit the debt limit in mid-october. the gop has talked up demanding spending reforms or cutting funding to obamacare in return for raising the country's borrowing limit. the sec wants answers soon on recent technigal trading troubles. officials at the nasdaq and the new york stock exchange have been asked to provide a timeline of last thursday's three hour trading halt on nasdaq stocks. nasdaq and nyse reuters reports that the rival exchanges have been unable to agree on that timeline and are apparently blaming each other for the glitch. sec chair mary jo white has called a meeting for septemeber 12th with the heads of both exchanges. the sec has asked both nasdaq and the new york stock exchange to provide a timeline of last thursday's three-hour halt in trading. reuters reports that the rival exchanges have been unable to agree on that timeline and are apparently blaming each other for the glit
in remarks this week- treasuryi secretary jack lew told reporters--congress appropriated the money and therefore it is a congressional responsibility to now pay its bills. the u.s is expected to hit the debt limit in mid-october. the gop has talked up demanding spending reforms or cutting funding to obamacare in return for raising the country's borrowing limit. the sec wants answers soon on recent technigal trading troubles. officials at the nasdaq and the new york stock exchange have been...
65
65
Aug 23, 2013
08/13
by
MSNBC
tv
eye 65
favorite 0
quote 0
. >>> and treasury secretary jack lew is urging congress to raise the debt ceiling. lawmakers can't afford to wait until the last minute. the u.s. is expected to hit the borrowing limit this fall. betty, back to you. >> borrowing limit. if you pay 4 million bucks for a 30-second ad. okay, courtney, thank you. >>> trastraight ahead, friday sports highlights are next. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >>> time now to get the latest in sports from my colleague. paige hopkins. good morning on this friday, page hopkins. >> good morning to you. how about thursday night football? the new england patriots get an old-fashioned beating by the detroit lions. first time tom bra
. >>> and treasury secretary jack lew is urging congress to raise the debt ceiling. lawmakers can't afford to wait until the last minute. the u.s. is expected to hit the borrowing limit this fall. betty, back to you. >> borrowing limit. if you pay 4 million bucks for a 30-second ad. okay, courtney, thank you. >>> trastraight ahead, friday sports highlights are next. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it...
105
105
Aug 27, 2013
08/13
by
FBC
tv
eye 105
favorite 0
quote 0
. ♪ connell: jack lew saying our nation will hit the debt limit in late october. to d.c. now and rich edson. >> neither have an opening offer. they refuse to negotiate. that glue claims based on our latest estimates, extraordinary measures are expected to be exhausted. failure means irreparable harm to the economy. one analyst agrees. >> we still will have a very nasty situation where people do not trust us anymore and they want more money. >> the u.s. can expect a severe amount of confidence. while lawmakers return to washington in the next few weeks to figure this out, congress may have more time than he is claiming. officials said they would have only 50 billion in cash, but treasury ran a surplus last september which traditionally is a huge thing. connell: thank you. a great rapport. rich raised a number of issues in his report. this discussion of raising the debt ceiling has bothered some people. they just glaze over once they hear it. it goes up every time. i am sure that this time will be no different. they have to raise it. there is no choice. >> the debt thing ha
. ♪ connell: jack lew saying our nation will hit the debt limit in late october. to d.c. now and rich edson. >> neither have an opening offer. they refuse to negotiate. that glue claims based on our latest estimates, extraordinary measures are expected to be exhausted. failure means irreparable harm to the economy. one analyst agrees. >> we still will have a very nasty situation where people do not trust us anymore and they want more money. >> the u.s. can expect a severe...
135
135
Aug 3, 2013
08/13
by
FOXNEWSW
tv
eye 135
favorite 0
quote 0
. >> subpeona documents from the administration this week accusing jack lew's agency of getting in the way of targeting and investigation of conservative groups. what has been handed over was largely filled with redakzs. they were zeroing in on danny werfel. >> you delivered less than one percent. excuse me for standing. i have to get over your stack. you delivered less than one percent of the documents. >> i disagree. >> and the agencies not blocking the investigation and the irs was planning to turn over pages by friday. this is as eliowa ja h general talked about george blocking information. >> and so you were about to hand us documents, the same coined of documents mr. issa just asked about and then the id said no? >> we are involved in a thorough comprehensive effort to fully cooperate with all of the congressional committees that are asking for witnesses and documents. >> and in a joint statement. leaders of the senate finance committee wants the irs to be more cooperative and release more documents. >> thank you very much. that is not all of the problems. the acting chief danny
. >> subpeona documents from the administration this week accusing jack lew's agency of getting in the way of targeting and investigation of conservative groups. what has been handed over was largely filled with redakzs. they were zeroing in on danny werfel. >> you delivered less than one percent. excuse me for standing. i have to get over your stack. you delivered less than one percent of the documents. >> i disagree. >> and the agencies not blocking the investigation...
86
86
Aug 23, 2013
08/13
by
FBC
tv
eye 86
favorite 0
quote 0
lew, ensured market stability said he has been updated throughout the day. >> we've been aggressive on the cyber security front. promoting public private partisan to make sure that -- partnership to make sure information sharing. and mediation methods are understand and deployable, sometimes there are system failures where machines break and they need to be fixed and up and running. >> fbi and congressional staffers were also monitors the trading halt. we had a number of hearings when it came to the flash crash a couple years ago. neil: better to call it a flash freeze than a flash crash. very good rich thank you. >> after the halt, get ready for the hit, damage to market confidence takes a longer time to come back. to nyse managing director. on what all exchange the must do now. on the need to calm investors, now. sheryl, i begin with you, that is first thing to be addressed. a lot of folks now don't know if their trades got through or they should get back in. i think this is one thing that people fear most. whether the technology is up to speed, and whether they will get zoomed wh
lew, ensured market stability said he has been updated throughout the day. >> we've been aggressive on the cyber security front. promoting public private partisan to make sure that -- partnership to make sure information sharing. and mediation methods are understand and deployable, sometimes there are system failures where machines break and they need to be fixed and up and running. >> fbi and congressional staffers were also monitors the trading halt. we had a number of hearings...
101
101
Aug 27, 2013
08/13
by
FBC
tv
eye 101
favorite 0
quote 0
treasury secretary jack lew saying our nation will hit its debt limit in mid october, leaving congress little time to agree on a solution upon their return in september. rich edson joins us from washington d.c. with more. >> when lawmakers return they have an immediate task to avoid a government shutdown on october 1st. once they got that out. treasury secretary jack lew says congress has until mid october and the administration refuses to negotiate over the debt limit. i sat down with speaker john boehner a few months ago. he says any increase in the debt ceiling must include conditions. >> the president can say this but he is person who when he was united states senator voted against increasing the debt limit so this is probably a political football. this year we have the highest amount of revenue to our government we ever had in our history and still have $1 trillion budget deficit. we have a long-term spending problem that has to be resolved. >> what republicans want? still figuring that out. they want to have a policy of increasing the debt ceiling, at a number of meetings on this
treasury secretary jack lew saying our nation will hit its debt limit in mid october, leaving congress little time to agree on a solution upon their return in september. rich edson joins us from washington d.c. with more. >> when lawmakers return they have an immediate task to avoid a government shutdown on october 1st. once they got that out. treasury secretary jack lew says congress has until mid october and the administration refuses to negotiate over the debt limit. i sat down with...
99
99
Aug 22, 2013
08/13
by
KGO
tv
eye 99
favorite 0
quote 0
. >> jack lew will visit the bay area, president obama's chief of staff until he took over as treasury secretary in february. he will visit the at&t technology laboratory in palo alto and the commuter history museum in mountain view and will discuss the state of the united states economy and the administration's focus on growth and job creation at a commonwealth club lunch on. >> a professional triathlete faces physical any hit-and-run charges for hitting a man in a crosswalk in san francisco. police believe a woman was driving a jeep and struck a man back in march. documents obtained by abc7 news says the driver stopped and checked on the victim and drove off. the man who was hit suffered a severe brain injury. >> it has been difficult for me, not only me and my family but everyone around me sin the accident. i am not the same person. >> she has pleaded not guilty. we left messages for her and her attorney but they were not answered. >> mountain view police have made a significant drug bust. police say zeus, the dog, found two pounds of meth. this is zeus with the drugs. the dog disco
. >> jack lew will visit the bay area, president obama's chief of staff until he took over as treasury secretary in february. he will visit the at&t technology laboratory in palo alto and the commuter history museum in mountain view and will discuss the state of the united states economy and the administration's focus on growth and job creation at a commonwealth club lunch on. >> a professional triathlete faces physical any hit-and-run charges for hitting a man in a crosswalk in...
100
100
Aug 27, 2013
08/13
by
CNBC
tv
eye 100
favorite 0
quote 0
and this morning, john harwood interviewed jack lew and he made it clear that there will be no negotiations for the up coming debt ceiling to keep borrowing for the deficit. that means not only will there be negotiations and the negotiations will be protracted and terrible for the stock market. this morning, i was asked why that matters to the market? what's new there if you wanted to know? isn't that business as usual and the answer is two-fold, yes, nothing new, partisanship and ugliness dog. even the most ugly thing in washington like needing to pay the federal bills, but it does matter. it kills the market every time it happens. take a look at the charts. the sequester knocked the market for a loop. does anyone think this time will be different? of course not. we could have been down 1% on the interviews alone. i think it's obvious that they provide no up side, and all down side and the budget battle will be all about raising taxes on the rich, right? hey, come on. and the republicans saying they want to cut taxes but will not present anything that is important to cut. neither side will
and this morning, john harwood interviewed jack lew and he made it clear that there will be no negotiations for the up coming debt ceiling to keep borrowing for the deficit. that means not only will there be negotiations and the negotiations will be protracted and terrible for the stock market. this morning, i was asked why that matters to the market? what's new there if you wanted to know? isn't that business as usual and the answer is two-fold, yes, nothing new, partisanship and ugliness dog....
125
125
Aug 23, 2013
08/13
by
CNBC
tv
eye 125
favorite 0
quote 0
treasury secretary jack lew is calling on congress to raise the u.s. debt ceiling, speaking in california on thursday, lew says lawmakers shouldn't wait for some unknowable last minute to resolve the issue. and the u.s. can't afford another self-inflicted wound. he estimates the government is weeks away from bumping up against the borrowing limit. congress returns from its summer recess next month. >>> american airlines and us airways won a trial in the u.s. government's lawsuit on the merger to start in november. that's three months earlier than the date picked by federal officials. the airline's expected trial would last ten days meaning even if they win, the deal wouldn't close until late this year. the merger was moving toward final approval this month when the justice department and six states challenged it. that is, of course, on antitrust grounds. us airways shares in frankfurt are up by 2.9%. >>> carl icahn has a dinner date with tim cook. the billionaire investor who recently bought a stake in apple reportedly worth more than $1.5 billion is p
treasury secretary jack lew is calling on congress to raise the u.s. debt ceiling, speaking in california on thursday, lew says lawmakers shouldn't wait for some unknowable last minute to resolve the issue. and the u.s. can't afford another self-inflicted wound. he estimates the government is weeks away from bumping up against the borrowing limit. congress returns from its summer recess next month. >>> american airlines and us airways won a trial in the u.s. government's lawsuit on the...
151
151
Aug 30, 2013
08/13
by
CNBC
tv
eye 151
favorite 0
quote 0
lew speaking earlier on cnbc, there will be no negotiations on the debt ceiling. if that's the case, i will tell you what happened, we had a government shutdown, plain and simple. these republicans won't tolerate that intransigence, they met every single day, government shutdown, i don't know how those negotiations will come out any more than i know it will hit with missiles, partly because the president doesn't know how it will come out with congress. here's what we do know. this is the most important point about september. neither party, the president nor congress, democrats or republicans ever seems to take into account what their actions might mean for the economy. it's not on the partisan agendas. neither the democrats or republicans think of what their actions will do to business formation and confidence. when you take away the economic imperative, when you don't care about what actions do to stocks, to jobs, to economy, to growth. you pretty much ensure the stockmarket will go down. if either party acknowledge they don't want to hurt it with a shutdown, the
lew speaking earlier on cnbc, there will be no negotiations on the debt ceiling. if that's the case, i will tell you what happened, we had a government shutdown, plain and simple. these republicans won't tolerate that intransigence, they met every single day, government shutdown, i don't know how those negotiations will come out any more than i know it will hit with missiles, partly because the president doesn't know how it will come out with congress. here's what we do know. this is the most...
233
233
Aug 30, 2013
08/13
by
KGO
tv
eye 233
favorite 0
quote 0
treasury secretary jack lew says the new ruling means married same-sex couples can move freely around the country knowing their federal filing status will not change. >> american airlines and u.s. airways head back to court in their fight to merge into the world's largest airline. carriers are trying to get a judge to set an earlier date for the government's lawsuit against the merger. yesterday a bankruptcy judge held off on approving the american reorganization plan and set a new hearing next month. while dealing with travel issues, did we mention labor day holiday weekend getting under way. aaa saying more than 34 million americans will travel at least 50 miles from home this weekend. that is a 4.2% increase over last year. the highest number since the recession. travelers are apparently feeling more confident thanks to lower gas prices and improving economy. >> ps. >> yes? >> labor day became an official national holiday in 1894 after a railroad strike. really? >> nifty little fact there. >> yes it is. do i have any more? gas prices $3.61. cheating, 20 cents cheaper than last year
treasury secretary jack lew says the new ruling means married same-sex couples can move freely around the country knowing their federal filing status will not change. >> american airlines and u.s. airways head back to court in their fight to merge into the world's largest airline. carriers are trying to get a judge to set an earlier date for the government's lawsuit against the merger. yesterday a bankruptcy judge held off on approving the american reorganization plan and set a new...
127
127
Aug 27, 2013
08/13
by
FOXNEWSW
tv
eye 127
favorite 0
quote 0
. >>> it is a grim warning from treasury secretary jack lew. he says congress must act by mid october or we will hit the nation's debt ceiling. that is $16.7 trillion. so what happens if lawmakers don't raise the debt ceiling? lew says the government will only have $50 billion in cash left. he says that may not be enough to cover social security or medicare payments and military salaries. >>> news out of syria might seem so far away and like it doesn't directly affect you. but guess what, it could be affecting your wallet. for more on this this and your other top business stories, let's turn to fox business network's jolene kemp with the latest. >>> the ongoing cost of the potential conflict in syria is now affecting the markets. the dow closed down 64 points on monday after secretary of state john kerry indicated the u.s. could launch a military response after finding undeniable evidence chemical weapons have been used. oil markets also fluctuated eventually rising, as well. brent crude oil prices hit a five month high on monday rising to $111
. >>> it is a grim warning from treasury secretary jack lew. he says congress must act by mid october or we will hit the nation's debt ceiling. that is $16.7 trillion. so what happens if lawmakers don't raise the debt ceiling? lew says the government will only have $50 billion in cash left. he says that may not be enough to cover social security or medicare payments and military salaries. >>> news out of syria might seem so far away and like it doesn't directly affect you. but...
167
167
Aug 2, 2013
08/13
by
FOXNEWSW
tv
eye 167
favorite 0
quote 1
. >> reporter: he issued subpoenas to jack lew to compel the irs to turn over all communications from key irs figures from january 2009 until now. all communications between the irs and the white house from february, 2010 until now. republican congressman jim jordan went after werfel for the e-mails of the irs official now on paid administrative leave who refused to testify before lawmakers after declaring her innocence. >> every single e-mail of lois lerner's we asked for, you said -- >> i know we provided hundreds of her e-mails. again, this is a process. >> no, no, no, no. it is pretty simple. you go to her computer and you get her e-mails. >> it is not that simple. >> reporter: werfel said the notion the irs is impeding or obstructing is completely false. >> we are involved in a thorough, comprehensive effort to fully cooperate with all the congressional committees that are asking questions, asking for witnesses, asking for documents. >> reporter: oversight's top democratic elijah cummings tried to put the blame to j. russell george. >> you were about to hand us documents, the sam
. >> reporter: he issued subpoenas to jack lew to compel the irs to turn over all communications from key irs figures from january 2009 until now. all communications between the irs and the white house from february, 2010 until now. republican congressman jim jordan went after werfel for the e-mails of the irs official now on paid administrative leave who refused to testify before lawmakers after declaring her innocence. >> every single e-mail of lois lerner's we asked for, you said...
117
117
Aug 26, 2013
08/13
by
CNBC
tv
eye 117
favorite 0
quote 0
by the way, tomorrow the markets no doubt watching and listening to treasury secretary jack lew sitting down with our john harwood at 7:30 a.m. eastern time. this will be his first interview since the announcement earlier today that the u.s. will reach its debt limit in mid-october. so much to be discussed with secretary lew tomorrow morning. could be market moving. stay tuned for that coming up on cn cnbc. >> lots more coming up here. next, bill, is the housing recovery on shaky ground? and if it is, what is the real state of the economy? the market, of course, wants to know. the fed wants to know. we want the know. we'll get some answers next. >>> also ahead, microsoft shares getting a boost from ceo steve balmer saying he's heading for the exit doors in 12 months. would general electric shares do the same? we'll look at that coming up. >>> and also, with costs spiraling out of control, former education secretary william bennett says college may not pay off for some students. we have the changing face of college. it is all kicking off and you're watching cnbc. clients are always learn
by the way, tomorrow the markets no doubt watching and listening to treasury secretary jack lew sitting down with our john harwood at 7:30 a.m. eastern time. this will be his first interview since the announcement earlier today that the u.s. will reach its debt limit in mid-october. so much to be discussed with secretary lew tomorrow morning. could be market moving. stay tuned for that coming up on cn cnbc. >> lots more coming up here. next, bill, is the housing recovery on shaky ground?...
161
161
Aug 26, 2013
08/13
by
CNBC
tv
eye 161
favorite 0
quote 0
treasury secretary jack lew has sent a letter to boehner, warning twha the debt limit will be r50e67d in october. how will the gop respond? and don't for a
treasury secretary jack lew has sent a letter to boehner, warning twha the debt limit will be r50e67d in october. how will the gop respond? and don't for a
89
89
Aug 27, 2013
08/13
by
MSNBCW
tv
eye 89
favorite 0
quote 0
. >>> treasury secretary jack lew saying the government will hit its debt ceiling by mid october meaning the u.s. will not be able to pay all of its bills. on cnbc this morning, jack told john hard wood he would not negotiate over the debt ceiling, instead, urging congress to act. >> congress has already authorized funding, committed us to make expenditures and we are now in the place the only question will we pay the bills that the united states has incurred? and it is just the only way to do that is for congress to act, for it to act quickly. what we need in our economy is some certainty. we don't need another self-inflicted wound and we don't need another crisis at the last minute. congress should come back and act. >> secretary lew is pushing for action sooner, rather than later. >>> a spokesman for george zimmerman's lawyer say they are going after florida to pay for their legal costs. state law says zimmerman's attorney can recover fees from florida because he was acquitted and that could room expert witnesses and court reporter charges. zimmerman was acquitted in the shooting deat
. >>> treasury secretary jack lew saying the government will hit its debt ceiling by mid october meaning the u.s. will not be able to pay all of its bills. on cnbc this morning, jack told john hard wood he would not negotiate over the debt ceiling, instead, urging congress to act. >> congress has already authorized funding, committed us to make expenditures and we are now in the place the only question will we pay the bills that the united states has incurred? and it is just the...
81
81
Aug 27, 2013
08/13
by
KPIX
tv
eye 81
favorite 0
quote 0
treasury secretary jack lew has sent a letter to house speaker john boehner warning him that the country will soon run out of money. lew says the nation will reach the debt ceiling by mid-october unless congress acts to raise the amount of money that the government can borrow to pay its bills. >>> it's back to school and perfect time to talk about money with your kids. most schools don't include personal finance in the curriculum. here to help us is cbs news business analyst jill schlesinger. welcome back. it's been a few weeks. >> reporter: yes, sir. great to be with you. >> good to have you back. how early should you start talking money with your kids? >> reporter: i know you can't believe it but between the ages of 3 and 5 you should start to identify coins and their value. you want to discuss something that's free like playing with a friend and money like an ice cream. you should introduce the concept of work and delayed gratification. >> i always tell my 13-year- old, go get a job. [ laughter ] >> so how does an allowance play into the money conversation? >> you could start paying y
treasury secretary jack lew has sent a letter to house speaker john boehner warning him that the country will soon run out of money. lew says the nation will reach the debt ceiling by mid-october unless congress acts to raise the amount of money that the government can borrow to pay its bills. >>> it's back to school and perfect time to talk about money with your kids. most schools don't include personal finance in the curriculum. here to help us is cbs news business analyst jill...
101
101
Aug 28, 2013
08/13
by
MSNBCW
tv
eye 101
favorite 0
quote 0
. >> for secretary jack lew, we are not going to be negotiating over the debt limit. >> it is debt ceiling by mid-october. >> this is the looming budget battle to defund the obama care act. >> they should be willing to defund it. >> i oppose obama care. >> you can't really de-fund obama care. >> in de-funding obama care. >> please, stop obama care. >> cruz has found kind of a niche. >> attack on john boehner from the far right. >> john boehner is in a pretty tough spot. >> sympathy for john boehner. >> or else they will start to call it john boehner care. >> fire, egypt, immigration, the debt. >> there must be a response. >> our borders are now better staffed and better protected. >> the fire is now 20% contained. >> it is not easy being the presiden president. >> john boehner and the house republican leadership have been clearly sending the message that they are not willing to shut down the government at the end of september in order to force the president to agree to de-fund obama care. the message is simple and clear. that will not work. we can't force the president to go along with de-
. >> for secretary jack lew, we are not going to be negotiating over the debt limit. >> it is debt ceiling by mid-october. >> this is the looming budget battle to defund the obama care act. >> they should be willing to defund it. >> i oppose obama care. >> you can't really de-fund obama care. >> in de-funding obama care. >> please, stop obama care. >> cruz has found kind of a niche. >> attack on john boehner from the far right....
80
80
Aug 30, 2013
08/13
by
MSNBCW
tv
eye 80
favorite 0
quote 0
the treasury secretary jack lew, there he is, urged congress to act right away, because as our fiscal year ends, the united states will also run out of its money to pay our bills. our borrowing capacity will be exhausted by the middle of october. the republican party wants to turn u.s. savings bonds into junk bonds, refuse to pay our bills and tell creditors to forget it. that's what we're hearing from the far right. the question is will eric cantor join people on the hard right or will they stand up to the tea party types and tell the children in their caucus that america pays its bill. joining me right now to talk about this is rick tower. he worked for newt. and joan walsh, an msnbc political analyst. welcome both. it seems to me we have a fact the federal government is rung up against its debt ceiling. according to the secretary of the treasury, and we have no other authority on this matter since october. if we decide not to extend or raise the debt ceiling, the united states will either have to not pay the people who bought savings bonds who we are told is boy scouts. this is you
the treasury secretary jack lew, there he is, urged congress to act right away, because as our fiscal year ends, the united states will also run out of its money to pay our bills. our borrowing capacity will be exhausted by the middle of october. the republican party wants to turn u.s. savings bonds into junk bonds, refuse to pay our bills and tell creditors to forget it. that's what we're hearing from the far right. the question is will eric cantor join people on the hard right or will they...
106
106
Aug 26, 2013
08/13
by
CNBC
tv
eye 106
favorite 0
quote 0
lew supposedly told boehner they're out of money in october. >> let's see what jack lew has to say to john harwood tomorrow in a highly anticipated interview. do you put anything view in that that a push off in the taper is the best thing to happen to the stock market? >> 100 percent. i think september was a pipe dream. they tried to speak to that but i think they were test balloons. i don't think we're looking at a september taper. >> how do you say that though? the ten-year yield just went to 2.9. >> the market tapered on its own. >> if you think about why we don't taper, the fed that said they're going to be data deponent are getting a whole host of bad data. we saw q 2 earnings and guidance for the second half of 2013 and everyone was hoping to see an uptick and we're not getting it. >> talk about weak housing data and the rise in interest rates obviously raising questions about what that means for the housing recovery and whether that's at risk. let's bring in the senior u.s. economist of bank of america. we're at the how's at nasdaq. how concerned are you in the backup rates and
lew supposedly told boehner they're out of money in october. >> let's see what jack lew has to say to john harwood tomorrow in a highly anticipated interview. do you put anything view in that that a push off in the taper is the best thing to happen to the stock market? >> 100 percent. i think september was a pipe dream. they tried to speak to that but i think they were test balloons. i don't think we're looking at a september taper. >> how do you say that though? the ten-year...